This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $68,526 initial cash invested.
-1.33%
Cash On Cash
6.95%
Cap Rate
1.01
DSCR
$2,232
Rent
-$76
Cashflow
Cash Flow
$2,232 income − $2,308 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,526
Downpayment
20%
$48,120
Closing costs
1%
$2,406
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,232
Total Expenses
$2,308
Mortgage P&I
62%
$1,381
Property Taxes
4%
$80
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246